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Cryptocurrency News Articles
Bitcoin Will Hit $250,000 This Year and $1 Million by 2030, Real Estate Investor Grant Cardone Predicts
Feb 17, 2025 at 09:30 am
Bitcoin has had a rollercoaster ride lately. After President Donald Trump's election, the cryptocurrency surged past $100000 in December
Bitcoin had a wild ride during President Donald Trump's administration.
When Trump was elected, the cryptocurrency soared past $100,000 in December, fueled by expectations of pro-crypto policies. But when Trump announced plans to impose steep tariffs on imports from Canada, Mexico and China, Bitcoin's value dipped below $91,000 — its lowest in three weeks.
That didn’t last long, though, as Bitcoin quickly rebounded.
Real estate investor and private-equity fund manager Grant Cardone sees Bitcoin continuing its climb.
“I predict Bitcoin at $250,000 this year, and I think we will hit a million dollars by 2030,” he told GOBankingRates.
His confidence comes from the current administration's crypto-friendly stance.
“Donald Trump's pro-crypto, Howard Lutnick, the commerce secretary, is pro-crypto,” Cardone said. “Everybody in the administration is like, why not have a new form of currency, which is digital? It's proven — it's not a new thing. It's 15 years old.”
That said, Cardone doesn’t think Bitcoin is the right move for every investor. He has three criteria for making investment decisions: protecting his capital, generating cash flow and ensuring long-term value growth.
“No. 1 for me is, I don't want to lose my money,” he told GOBankingRates. “No. 2 for me is, will I get cash flow? No. 3, the perfect scenario would be not only won't I lose it and I get cash flow, but it's going to go up in value over long periods of time.”
Bitcoin doesn’t check all those boxes, so he doesn’t recommend it as a direct investment for most people.
“I'm not telling people to go out and buy Bitcoin,” Cardone said. “I don't think most people should because it doesn't create cash flow, and it doesn't have tax advantages.”
Instead, he launched the 10X Space Coast Bitcoin Fund, an $87.5 million fund that blends real estate investments with Bitcoin purchases.
“I came up with a way for people to actually own Bitcoin without buying the Bitcoin,” he explained. “We're using real estate cash flow, which is very stable and has great tax write-offs.
Then we're adding Bitcoin, which is very unpredictable, very volatile. It could explode to the upside, it could go down. But if you can hold it for long periods and put the two together, you take a real estate project that would do 10% and turn it into a real estate project that could do 30% or 40% or even 50% a year.”
The fund focuses on acquiring multifamily properties that generate consistent cash flow while gradually investing in Bitcoin over four years. The idea is to balance Bitcoin's volatility with the stability of real estate.
As of Feb. 11, Bitcoin was trading at around $94,700.84, a 98.3% increase over the past year. Some analysts told Forbes last month they believe Bitcoin could hit $150,000 this year, while others see it reaching $250,000, depending on institutional adoption and regulatory policies.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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